A recent survey mentioned that nearly 54 percent of employees in India are worried over financial security of their family at work place. The biggest financial concern of employees in India is financial security of their family in case of premature death. It has a great impact on productivity and engagement in the workplace.
The study also mentioned that employees are seeking benefits that will help provide protection coverage in order to help ease their financial concerns. The survey found that, 73 per cent of the employees are seeking life insurance as a key protection product and 61 per cent would even buy life insurance without support from employers.
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